Archives for quantitative easing

“Tailwinds support the recovery”, proudly stated the European Commission’s Spring 2015 Economic Forecast. Even without reading the full report, one gains a general sense of the predictions for each country just by reading the title of each chapter. For example, if you find yourself in a conversation discussing economic progress in Estonia, you can get… » read more

Congress created America’s current central bank the Federal Reserve System in 1913. As with all central banks its role ultimately is determined by the political process. The Fed is tasked with more than simply issuing and maintaining the value of the dollar: the world’s reserve currency. Under the 1978 the Humphrey-Hawkins Full Employment and Balanced… » read more